One Heritage Group Plc (GB:OHG) has released an update.
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One Heritage Group PLC, a UK-based property developer, has announced a significant restructuring plan that includes a strategic investment in the One Victoria project, a sale of completed properties, and a move to rebrand as Zentra Group PLC. The company is adjusting its business model in response to market challenges, such as rising construction costs and economic uncertainties, by shifting away from in-house construction to third-party contractors and reducing debt levels for increased financial flexibility. Additionally, OHG is exploring options for its market listing status, including a potential transition to the Aquis Stock Exchange or a complete delisting.
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